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Mar 23, 2011 7:00pm EDT
-- lloyd blankfein, c.e.o. of goldman sachs. blankfein testified that a former board member, rajat gupta, gave rajaratnam confidential information valued at $17 million-- tips about a possible acquisition of wachovia bank and the $5 billion investment in the firm by warren buffett's berkshire hathaway. joining us now with analysis of the trial? steven feldman, a former assistant u.s. attorney in new york's securities fraud task force and now a white collar criminal defense attorney at herrick, feinstein. >> susie: hi, steven, how are you? >> great, susie. >> susie: do you think lloyd flank the blankfine helped the government's case? >> absolutely. the government's job is to put a bunch of bricks together and try to make their case. they have the tapes plaintiff gupta allegedly giving tips, and they need a human person, a moderator who give the the information about what was really going on on the outside, outside of that phone call. and mr. blankfein with his credentials and role with a great reputation on wall street was the perfect person to strengthen that case and fill in the b
Mar 14, 2011 5:30am EDT
goldman. if you were expecting a see all and tell all about how goldman sachs mix all of that money until recently to keep its hands clean i'm afraid you will be disappointed. my book, when money was in fashion, which i have somewhere, was recently published by palgrave macmillan. it is a biography and memoir of my grandfather who was the son of the founder, marcos before farmer from the tiny village who came to the states in the great immigration wave of 1848. henry goldman revolutionized the financial world by developing a modern method of financing for commerce and industry which today is known as the ipo. when there were no pcs, no internet, no e-mail or even adding the scenes business was developed solely with talent, imagination and dreams he became america's first investment banker. yet he guarded his life so jealously he remained an enigma to the thousands of people whose lives he influenced and the many hedge fund managers and traders who worked at the firm today cannot even place his name. he was responsible for the unusual underwriting of more than 50 of the country's mos
Mar 15, 2011 6:30pm EDT
. and goldman sachs considered buying troubled insurer a.i.g. three years ago, according to wire tapped phone conversations. that audio tape was played for jurors today in the largest hedge fund insider trading case. raj rajaratnam, the accused founder of the galleon group hedge fund, was heard getting the scoop on possible purchases by goldman. his conversation was with a former goldman sachs director. now, rajaratnam denies any wrongdoing. he's charged with 14 counts of conspiracy and securities fraud. still ahead tonight-- why focusing on boosting productivity at the nation's colleges could help the american workforce. more now on japan, the markets, and fed. joining us-- diane swonk, chief economist at mesirow financial; and mike holland of holland and company. hi, diane, hi, mike. nice to have you with us. >> hi, susie. >> good to be here. >> susie: diane, let me begin with you. what's your take on japan. even though we don't have the acknowledge on the scope. do you think it will have an impact on the global economic recovery? >> there no question it will have an impact. th
Mar 24, 2011 12:30pm EDT
they goldman sachs or morgan stanley who borrow money from the government is zero percent interest rate speculate keep all the profits and put all the losses in the public domain where the average user of the consumer out there on the street used their credit card to effect the persona of a rich person but their debts never go away see j.p. morgan and goldman sachs they push their debts on to the government and then push it on the people but for somebody who goes into debt to effect to the heir of someone with a lot of wealth they would understand that their debts don't go away they're just being used as chumps of course well all of these kind of combine in the next few headlines as well. in this confusion of what we value or wealth is and the confusion often caused by our own governments confusing us through misinformation a lead a cough gets eight years prison sentence as zero hedge puts it the man who single handedly only lost stole goldman's algorithm that could quote manipulate markets that's according to the judgment is now the person with the biggest prison sentence to come
Mar 18, 2011 6:30pm PDT
test. warren buffett injected capital into goldman sachs at the height of the financial crisis. goldman today got the okay to buy out that investment, handing buffett a roughly 70% return on his investment. darren gersh, "nightly business report," washington. >> tom: the week ended with a day of gains for the major indices after a volatile week. let's get to tonight's market focus. this week was marked by nuclear fears in japan and more tension in libya, putting investors on edge. for the week, the dow industrials fell 1.5%. the gains today and yesterday were not enough to make up for the losses earlier in the week. the nasdaq dropped 2.7% from a week ago. the nasdaq remains in negative territory for the year. the s&p 500 fell 1.9%. consumer staple stocks were the biggest drag on the index this week. leading the sector gains today, financials. this e.t.f. bounced more than 1% with volume triple its normal pace. big banks took the lead after the federal reserve gave many of them its blessing to hike dividends and start stock buy- backs. as darren reported earlier, j.p. morgan was among t
Mar 5, 2011 1:00am PST
lost around 3%. goldman sachs dropped to a new multi-month low with today's 2% fall. it takes goldman back to prices last seen in december. goldman along with citi were downgraded by the banking analyst at bank of america- merrill lynch over worries about weak first quarter earnings. here's the past 90 sessions for j.p. morgan. it fell 1% today, but this week, it was the worst dow industrial component, falling 2.5% since last friday. meantime, drug giant pfizer was the best dow stock this week. despite this fractional loss today, the stock was up 4% this week and hit a new 52-week high yesterday as big healthcare has staged a comeback. in fact, the healthcare sector was the best performing sector today. following-up on the employment services stocks we mentioned last night. some of the gains ahead of the jobs data did not hold. robert half, s.f.n. and manpower dropped by at least 1% each. online jobs site monster worldwide saw stiffer selling off more than 6%. this is the past 90 sessions. this drop in january came when monster missed earnings estimates and had a disappointing outlook
Mar 29, 2011 4:00am EDT
the nuclear crisis. and after a lower growth forecast from goldman sachs. tokyo electric power or tepco said traces of plutonium have been found in the soil at the fukushima daiichi nuclear power plant. the company's shares tumbled further on that news, plunging nearly 18% by the close. meanwhile, japan's national strategy minister appeared not to rule out nationalizing tepco fully or partially when asked about the government's plans for the company. >>> and elsewhere in the region, nina, you can see the negative sentiment found echoes with energy stocks finishing lower in sidney, as well. >>> let's turn our attention toward the u.s. stock markets. they managed to snap their three-day winning streak. in just the final hour of trading. here's how the numbers settled then. the dow dropped .2%, and when it comes to the nasdaq specifically, ebay shares weighed heavily on that tech-heavy index following the company's move to acquire gsi commerce. when it comes to the broad s&p, that index lost about $25% by the close. this is where we stand in terms of the pre-market action on the futu
Mar 8, 2011 3:31pm EST
the goldman sachs they've committed financial terrorism around the world in egypt all over country struggling to break free and but primarily in the united states well this was a private contractor who made this report for the pentagon in two thousand and nine and so only just been released to the public and the guy's name is kevin d. freeman and he wrote this report called economic warfare responses and he reports that the three phased attack was planned and is in the process against the united states' economy but he says he says this could be coming from middle eastern states islamic terrorists hostile members of the chinese military or government in organized crime groups in russia venezuela or around so he's blaming somebody else and then he goes on to report this he says the new battle space is the economy we spend hundreds of billions of dollars on a weapon systems each year but a relatively small amount of money focused against our financial markets through leveraged derivatives or cyber efforts can result in trillions of dollars in losses and the perpetrators can remain und
Mar 15, 2011 11:00pm EDT
days later.the model was checked out at a local hospital and is doing fine. duff goldman, the ace of cakes .. 410-235-9229jared naford jared@charmcitycakes.comm usiieessbb--bz-duff-ice- 20110314,0,7434272.sto balttmoresun.comduff goldman to get a blue bunny ice cream line'ace of cakes' star to hit shelves this monthby andrea k. walker, 8:34 pm edt, march 14, 2011accompaniment to cake which may be why duff goldman is making it his next business venture.the "extreme baker" who becameea national fixture with his "ace of cakes" television show on the sealed a deal with blue bunny or his own ice cream line. the cake- hit freezer cases this month and will be sold in the baltimore area at stores including food lion and walmart. baltimore's aging sewer ystee for the release of illions of gallons of sewer water. water. the pressure of last thursdays rain forced ix manhole covers to pop open...spilling more than four-million gallons of untreated sewage.... one of the overflows flooded the lower level of the penn station parking garage wheree several cars were damged. three of the damaged vehic
Mar 1, 2011 11:00pm EST
and buy goldman sachs and expect that these ultimately get deposited in banks so that those banks woul ultimately lend, i have to be honest with you, i not quite sure, and this is where i'm headed in terms of my question, i'd like toget a grasp from you, i don't see that lending still taking place and i hear it all over my state. i see food prices rising. i see gas prices rising, even before what was happeng in north africa. that certainly is an exacerbating reality. tuition rates rising. and so while we are worried about deflation, i just see a combination of rising prices for the average family of a lack of investment that i had hoped that would take place here and so would you get me your view of how the first and second rounds of quantitative easing are working? >> i thinkhey're working. i think they're working well. the first round in march 2009 was almost -- almost t same day as the troth of the stock market and since then the market has virtually doubled. the economy was going from total collapse at the end of t first quarter of '09 to pretty strong growth in the second hal
Mar 8, 2011 9:30pm EST
fargo citigroup bank of america j.p. morgan chase goldman sachs and morgan stanley paid on average about eleven percent in taxes on their massive profits well below the thirty five percent corporate tax rate that's billions in lost revenue for the federal government so what could we the people do with some of that extra cash especially with our budget deficit here to offer some answers on reporter and blogger extraordinary at think progress said welcome back to the program thanks for having me tom thanks for being with us. we're still average americans most people are still in the throes of the bush i call i'm sorry call the bush depression and just you know just. how are the banks to the banks are doing great thanks for the good and better in some ways as you said the last six mega banks in this country paid about eleven percent rate and bank of america particularly in two thousand and i didn't pay anything at all profitable and they are extremely profitable i mean their executives their executives are still getting away with highway robbery and they're exploiting our tax code and
Mar 28, 2011 8:17pm EDT
-mobile usa proposed deal, we are now joined on the communicators by debbie goldman of the communication workers of america, and parul desai. if we can start with you, ms. goldman. the cwa has supported this deal, why? >> we think it's good for the consumers and workers. right now we are moving in the wireless industry and into the next generation of wireless technology. and that's going to take both tens of billions of dollars in investment to get us there and it's going to require a lot more spectrum. right now people are aware that on their wonderful mobile divisions that they want to stream video, that they want to get on the internet and search with web pages. in many places, they are experiencing their dropped calls. there's a great need for more spectrum and a great need for the capital to invest in the next generation networks. we see that this merger will enable the merge to at&t to do that. so that's good for consumers. >> how is it good for cwa,? >> it's good for workers because right now behave experienced a situation in mitigating circumstance where we've seen
Mar 1, 2011 6:30pm PST the s.e.c. has charged a former goldman sachs director with insider trading. rajat gupta is accused of leaking confidential information to the galleon group. galleon's founder raj rajaratnam is awaiting trial on securities fraud and conspiracy charges. now, investigators say gupta gave tips to rajaratnam about goldman, including berkshire hathaway's plans to take a $5 billion stake in the wall street firm. gupta's lawyers call the charges baseless. goldman sachs has not commented. >> tom: a corporation is not a person and doesn't have the same protections when it comes to the release of documents held by the government. that's the ruling today from the u.s. supreme court in a case involving at&t. the telecom giant wanted to prevent the release of thousands of company documents gathered during a f.c.c. investigation into billing practices. competitors sued under the freedom of information act to see those papers. a lower court ruled in favor of at&t. that was overturned today. >> susie: with the launch of a >> susie: with the launch of a new ipad expected tomorrow, tonight
Mar 23, 2011 4:30am EDT
enough car parts for the next weeks. goldman sacks' ceo may be in the hot seat. he's being summoned to testify as a witness in a high-profile insider-trading trial. prosecutors say that they don't want him to face questions about goldman involvement in anything or the economic downturn. linda bell reporting for abc 7 news. >>> 4:37 49 degrees. >> the maryland lawmaker now demanding changes in hopes of preventing another spring and summer filled with power outages. >> and the latest on reports that one of moammar gaddafi's sons might of been killed in the violence. blue diamond almonds! more bold flavor! more variety! more value! more of what you want... not what you don't. blue diamond almonds. (play-by-play announcer) it's up and it is... good! more than a snack. >>> 4:40. time for a check on traffic and weather. >> steve rudin is in this morning for adam caskey with the latest on the forecast. a rainy day ed? -- ahead? >> yes, and some could become severe. our temperatures are holding in low 40's. 46 at dulles, 48 in manassas, a 51 in fredericksburg. doppler radar shows showers ma
Mar 2, 2011 1:15am EST
800,000. goldman sachs predicts that h.r. 1 would slow economic growth by act between 1.5% and 2.5% which translates to the american economy losing up to 2.4 million jobs. the so the recory of our economy should be of paramount concern at this time. i said during the debate on h.r. 1 earlier this month and i will repeat today that i believe the approach to deficit reduction adopted by the republican majority here in the house is far too narrow and too focused on the smallest segment of spending in the budget. it is a risky strategy, based on the specious concept of cut and grow, which of course has no basis in sound economic theory. so what -- where does this leave us? we are now six months into the current fiscal year, f.y. 2011. and hearings with regard to thephysial year 2012 budget have begun in the budget committee an appropriations committee. h.r. 1 is clearly not acceptable to the other body, nor would it be acceptable to the president whose signature is necessary before any funding bill can become law. what the president has proposed for the coming year a budget freeze at l
Mar 8, 2011 6:30pm PST
, and goldman sachs. >> susie: our cameras were rolling when rajaratnam pulled up to the courthouse early this morning. from the moment he arrived, raj rajaratnam was in the spotlight. >> are you going to testify in your defense? >> susie: federal prosecutors allege rajaratnam used inside information to trade 35 stocks. the feds plan to use 173 wiretapped conversations and testimony from confidential informants against rajaratnam. on the list of the government's potential witnesses is lloyd blankfein, the c.e.o. of goldman sachs. rajaratnam's net worth is estimated at $1.5 billion, and he has spent an estimated $20 million on his defense, so far. his lawyers are expected to argue rajaratnam was simply doing thorough research in his role as a hedge fund manager. the trial is likely to last six to eight weeks. it is the government's highest profile attempt to crackdown on illegal trading on wall street. here's how u.s. attorney preet bharara put it when charges were announced at the end of 2009. >> it would be a mistake to think that this investigation is focused only, or even princip
Mar 8, 2011 7:00am EST
witnesses, the chief executive of goldman sachs. he is one of the men accused of passing tips. henry budget expressed surprise at the number of wall street elite in the scandal. >> i am shocked at the fact that a goldman board member has been accused of what he has been accused of doing. picking up a phone and calling a hedge fund second after a board meeting. something that a junior trainee when understand is horrifying. >> in financial circles they are paying close attention. information is the lifeblood of traders did. there is a fine line between acting on tips and acting on private information. high-profile witnesses and recordings are said to be involved. it is said to be the biggest insider-trading case ever in the united states and the outcome could influence of business is done on wall street. -- how business is done on wall street. what is the leader of the ivory coast bridges -- has recently announced that his government will control all cocoa exports. a ban on cocoa exports instigated by the united nations has been enforced since january. it was in an attempt to describe
Search Results 0 to 49 of about 362 (some duplicates have been removed)